Economics · National Income Accounting
Which of the following best describes the value added by a firm during a production period?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Value of sales minus changes in inventories
- 2Value of output minus factor payments
- 3Value of output minus intermediate consumption✓
- 4Value of sales minus depreciation
Correct answer
Value of output minus intermediate consumption
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